The Singapore Maritime and Port Authority (MPA) today announced the establishment of the Global Offshore Carbonation Center (GCMD) in Singapore and appointed Lane Down as CEO.
BW Group, East Pacific Shipping, Det Norske Veritas Foundation, Ocean Network Express and Sembcorp Marine aim to lead the transport in the maritime sector with a total fund of $120 million.
Lynn Lou, director of Princeton University’s Center for Andlinger Energy and Environment, said: She is responsible for developing and implementing an overall strategy for the new center in collaboration with the GCMD committee. She will also build partnerships with the shipping industry, government agencies, international organizations, and other regional and international offshore decarbonization hubs.
Andreas Suman Bao as CEO of BW Group and Singapore Shipping Company will be appointed as Chairman of the GCMD Board of Directors. As per Maritime and Port Authority of Singapore, 31 institutions, including transport companies, classification boards, research centers, traders, energy workers, tank operators, warehouses, engineering companies, financial institutions and industrial enterprises, have keen interest to collaborate with GCMD.
GCMD will facilitate decarbonisation technology development and test-bedding, including future marine fuel trials with the industry and research communities in Singapore. To this end, MPA is looking at developing waterfront facilities to support these activities. MPA is working with relevant agencies to study the viability of locating GCMD along with other maritime developments at Marina South.